The New York Times and Trump's Taxes

[Winchester]

[Winchester]

[Winchester]

[Saz]

[Saz]

[John Galt]

no it isn't. they weren't taxed in year 1

[Saz]

Because they didn't make any money in year 1. The attempt of taxation is to capture the profit the company makes. That is going to require looking beyond the one year tax filing period. Why would anyone start a business if you could be taxed for losing money in the long run? I lose 10 dollars year 1, make 5 dollars in year 2, and despite the fact that the business has actually lost 5 dollars over the period, I'm taxed! Furthermore, how would a business pay the tax in year 2? They are still running in the red. Just because they made a profit in one year does not mean they actually have cash lying around to pay a tax bill. This would sink so many businesses that could otherwise be viable.

[NAB]

As someone one who makes a living off dealing with Real Estate developers, the amount of lost income shows me Trump is no f**k development genius. The best real estate developers spend other people's money, including government money (such as TIF), rather than expose their own assets.

I've worked with some of the most well known developers in the world, and most of them would consider him a puffed-up buffoon who attempts to leverage the "quality" of his projects with personal PR and tacky gold plating to distract from how shitty it actually is. He's the Pimp My Ride of real estate developers.

Dealt with ex-Trump guys many year s ago, and they were the worst clients I've ever had. Never again.

[spacemonkey]

Obama has spent about 9 trillion of our money in the last 8 years with pretty much nothing to show for it. At least Trump lost HIS money, not OURS.

[Winchester]